The Energy Regulatory Commission approved transmission operator National Grid Corp. of the Philippines’ P20.653-billion Balaoan Laoag 500-kilovolt
transmission line.
“After careful deliberation, the commission resolved to approve NGCP’s proposed Balaoan Laoag 500 kV transmission line project in the instant application amounting to P20,653,075, 314.08, subject to optimization based on its actual use and verified expenses during the reset process for the subsequent regulatory period, following the procedures stated in the rules in setting the transmission wheeling rates, as amended and other relevant issuances of the commission,” the ERC said.
The project will also provide more resiliency for the Bohol grid, improving the operational flexibility of the Cebu transmission system.
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